The judge said the plain language in the initiative indicates that financing and environmental clearances should be completed for the first 290 miles from Merced to the San Fernando Valley, which is estimated to cost anywhere from $24 billion to $31 billion.
"The judge indicated that they really had to have the funding for the entire IOS (initial operating segment) that they picked, and that's $31 billion," said Mike Brady, an attorney for the plaintiffs. "They only have $6 billion of the $31 billion, so that's going to be a pretty big hurdle, I think."
Hyperwhoops: California's "Other" Bullet Train Project On Verge Of Crashing And Burning | Zero Hedge
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